Digital banking transformation case study
A bona fide success story in its class, KentBank stands out on the European banking market with its steady growth over the past decade, superior asset quality, low NPL ratio and a constantly higher capital adequacy ratio than legally required.
KentBank is owned by the Süzer group, one of the most successful Turkey-based conglomerates, whose roots date back to 1952 and which operates primarily in real estate, tourism and energy sectors.
As part of their diversification and internationalization strategies, the group eventually ventured into the EU banking sector with an acquisition of a bank in Croatia, the youngest EU member state.
After acquiring an existing bank and investing a significant amount of capital, the new management started rebuilding bank infrastructure from the grounds up.
They developed the KentBank brand and arranged a thorough selection process to find a banking technology partner that could support their ambitions. They selected – Mbanq…
The success story was originally published on Mbanq.com on 08 November 2021
Written by Antonio Gotovac
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